Business & Finance: Pineapples Straight

In Honolulu last week one of the world's simplest corporations voted to
dissolve itself. Known as Pineapple Holding Co., Ltd., its entire
assets consist of $37,500 in cash and 500,000 shares of Hawaiian
Pineapple Co., Ltd., successor to an earlier company of the same name
founded by James D. Dole in 1901. As all the holding company does is to
hold, it reports no income, no outgo, no profit, no loss. It was formed
in 1932 (along with the present Pineapple Co.) to straighten out the
tangled affairs of the Dole company, which had grown long on inventory,
short on cash....